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Shares of Qualcomm Inc. (QCOM) rose 2.06% to $108.78 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.85% to 4,136.25 and the Dow Jones Industrial Average rising 1.65% to 33,674.38.
The stock's rise snapped a two-day losing streak.
Qualcomm Inc. closed $47.88 below its 52-week high ($156.66), which the company achieved on July 22nd.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. (NVDA) rose 4.06% to $286.80.
Trading volume (10.7 M) eclipsed its 50-day average volume of 7.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 5, 2023.
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May 05, 2023 17:21 ET (21:21 GMT)
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